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CNBC
Sep 18, 2012 3:00pm EDT
fundamental break down in the price of oil. i think you have build up from the tensions in libya over the weekend. they thought possibly those tensions would escalate further than they did. >> as sharon pointed out, there are expectations that this next report is going to show a build in stocks. you know, supply is also growing. that usually doesn't presage a decline in the price. it actually does. >> well, yeah, it does if you have traders wanting to take the profits from a qe-3 buildup we saw breaking $100 oil. they could have been taking profits and breaking off trades and shares. that would be a concern the numbers are going to start falling back. i think they're going to fall tremendously. i think we have $90 going into the 2013 year. >> because of demand issues? the middle east is not going anywhere. >> i think you have concerns from the middle east. you've also got, on the other side of that coin, you know, some folks are talking about a bear market because of spain and china and the tension there is. there's two arguments going on right now. we've had middle east tensions, tho
CNBC
Sep 21, 2012 3:00pm EDT
situation in libya. the violence in the eastern region potentially has big implications for oil production. in the run-up to the libyan elections in juan, we are 690,000 barrels taken offline because our militants shut down the facility just for political reasons. if we saw any major uptick and unrest in eastern libya, oil companies could curtail production. >> yeah. >> so we think the risks are really out there on the supply side in the middle east. >> halima, that's a high number. 117 is your target on brent. what's your target on crude oil? crude right now at 93.11 a barrel. >> it terms of wt sydney. >> yeah, 104. >> 104. i mean, what are the implications of $104 oil on the economy? >> well, you know, one of the things you raise the issue about the spr, and i do think that's potentially something that the obama administration will be really concerned about looking to tap, if we do see a significant run-up. i do think you do have to weight the fact that the obama administration is likely to tap the spr so that could put a temporary cap on a run up in oil prices. the last time
FOX Business
Sep 12, 2012 3:00pm EDT
business, the details developing in libya. there was a massive attack last night leaving four dead including the u.s. ambassador to the country, christopher stevens, it's a horrific situation there. we'll bring you all the details as they become available. arguably the first thing you look at after something like that in the middle east is the oil price. well, guess what, oil is not skyrocketing, but down, and if you look at the chart, there has not been too much difference, but they are rooking to break a five window streak, as well as after the libya news, a surprise nrkz in inventory, an exception of the draw down, but an increase of inventory, and the price of oil moving down. we are at the heart of san fransisco. we followed intel to san fransisco for today because they are having this developers' conference. 3 # 00,000 square feet of display and classes on gesture technology, facial recognition, semiconductors, and so much more. hundreds of companies come here, and what they do is they look at the architecture, they bring in the semiconductor chips and build their hardware fr
CNBC
Sep 12, 2012 4:00pm EDT
special needs, our innovative special care program offers strategies that can help. >>> in libya, of course, the reaction turned deadly. the american ambassador and three other embassy staffers were killed when extremists stormed the u.s. consulate last night. president obama and mitt romney speaking out about this today. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the
CNBC
Sep 14, 2012 4:00pm EDT
. however, given the very difficult situation in libya and egypt, we have temporarily restricted access in both countries. google has not responded to questions about whether it chose to restrict that access in response to the white house's request. google's community guidelines include no graphic or gratuitous violence and no hate speech. while google says it encourages free speech, it does not permit any type of hate speech. the company telling me when somebody breaches those rules, it does pull them down. we'll have to see if google changes its mind and starts blocking the video in more countries if the violence continues to escalate. google does have a long history of being faced with controversial content decisions. doesn't seem like it's handling this situation any differently because of that white house request. >> interesting. thank you very much. continuing turmoil in the middle east this week was already pushing oil prices up. today oil closing at just under $100 a barrel. it briefly went above 100 earlier in the session. finished at two-thirds of a percent. now the fed comes aro
FOX Business
Sep 27, 2012 3:00pm EDT
opportunities they can find out there. >> libya, tunisia, egypt. lucrative contracts for businesses out there. will it come to the united states, in your perspective? you have worked for president clinton and president bush. what would you say about the best possible way for government work? >> to me, the fundamental way is to try to trade and investment. i refer back to my experience as the united states ambassador to mexico. from 1989 to 1993, which is when we renegotiated the north american free trade agreement. twenty years later, trade with that country of mexico has tripled. it is just amazing. several hundred million people across the border have been doing so everyday. this is just incredible for a development. it was all based on the north american free trade agreement that promoted much greater commerce between mexico, the united states, and also canada. >> do you feel we are on pace to have enough open trade in this country, and then there are people on both sides of the aisle to get very touchy about trade with china. >> i think sometimes they get a pretty bum rap. we ha
CNBC
Sep 13, 2012 4:00pm EDT
affair ps. you look at how he gave up egypt. and libya, after we bombed the hell out of everybody, libya turns around, kills our ambassador and other great people that are with us and not even with us. he killed our ambassador and other people. this is a group that we didn't know who they were. they called themselves the rebels, like it's a romantic vision of "gone with the wind." but they were the rebels, all right. they probably came from iran. now they've taken over libya with our help. i think he's the worst foreign president in terms of what's happening, foreign policy president in our history. i listened to the news. oh, he's so wonderful on foreign policy. the world is exploding, and everybody's laughing at us. we're giving egypt billions of dollars. the only reason to even take our phone call is because they want the money to come through. i think he's done a terrible, terrible job, and yet, you listen to people and the polls show he's up in foreign events and foreign affairs. i think it's ridiculous. >> and yet, you know, you talk to foreigners, then they love him. >> for
FOX Business
Sep 13, 2012 3:00pm EDT
, just about 36 hours after a horrible attack on that u.s. embassy in libya, there have been some arrests. we have some major, major disturbances in egypt. let's get to rich that's an with the very latest on that. >> the pentagon officials say there have been no reports they are about arrest coming out of libya and the state department says it cannot confirm those reports either. officials there also refused to drop connections to al qaeda. senior administration official says there are early signs the consulate attack was for david. just a short while ago, president obama vowed to bring the murderers to justice. >> no act of terror will go unpunished. it will not dim the light of the values we proudly present to the rest of the world. no act of violence shakes the result of the united states of america. >> administration officials say they are there to contain protests and violence in yemen, egypt and around the region. back to you. liz: and dropped us if is any more news. that is the latest picture. this affects the markets and some way shape or form. it is being completely overw
FOX Business
Sep 25, 2012 3:00pm EDT
: let's go to rich. rich: the u.s. is at the mercy of events in libya. instead of shaping them president obama speaking to the united nations says the u.s. cannot solve every problem in the world and cannot dictate the outcome of democratic transitions abroad. campaign surprising and significant economic impact. romney says he will address china cheating on trade and they romney aide confirms to fox business he would officially labeled china a currency manipulator. that is a step the obama administration has decided against taking. the obama administration has applied pressure where necessary filing international trade cases and other products. officials say with the u.s. searching china's currency has appreciated and manufacturers may like this increasingly tough talk on china american importers that rely on chinese-made products sell in the united states. >> john snow under president bush, a currency manipulator, tried to manipulate or at least soften what was happening in china but this is not incumbent or maybe he is right that you can't really tell china what to do. what y
FOX Business
Sep 14, 2012 3:00pm EDT
to the united states of the four americans killed earlier this week in libya. tracy: you heard secretary clinton give us an inside scoop to all of them and remind us that these people risk their lives for us. we are going to take a break. we will be right back. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. liz: good afternoon everybody. i'm liz claman. welcome to countdown of the closing bell. day three of our three days in the valley coverage. we are live in the heart of silicon valley on a day when markets are looking strong once again. this just one day
Search Results 0 to 9 of about 10